“Maintains a 'buy' call on Karur Vysya Bank, raising the target price to ₹400 from ₹360, valuing the stock at nearly 2 times FY28E ABV. ICICI Securities is impressed with the bank's execution on growth, profitability, and asset quality, noting management's increased comfort regarding the near-term NIM trajectory and the possibility of an upward revision in FY27 NIM guidance.”